5 Tips For Saving On Last Minute Trips

In a perfect world, we`d all have fully funded vacation accounts to pay for our annual family getaways. The reality: Most of us are just now starting to think about this summer's vacation. Here are some fast-track ways to save for your big trip.

1. Planning
Along with plane tickets (or gas, if you're driving) and hotel prices, guesstimate costs for meals, souvenirs, and park or museum admissions. Total it all up. If the number sends you into shock, cut back on costs -- now, on paper -- until you feel comfortable with what you're spending. If money is really tight, consider a couple of long weekend trips instead of one "dream" vacation this summer.

2. Cut Your Extra Expenses
Do you belong to a health club or subscribe to a service (such as cable or satellite TV, a cell phone plan, etc.) that you no longer use, or could easily downgrade?

"Drop the service now and stash the money away for your family's summer vacation," says Kim Danger, founder of Mommysavers.com. Also consider cutting back for a few months on nonessentials like kids' dance lessons, your weekly Pilates classes, your husband's trips to the batting cage or your family's monthly movie-rental service.

3.Restrict Restaurant Meals
Frozen dinners or ready-made grocery deli items are much cheaper than restaurant food if all you really need is a cooking break. You could also eat dinner inexpensively at home, then treat the family to a modest dessert out.

4. Sell Old Stuff
A garage sale is a great way to earn vacation cash from your castoffs. To attract a crowd, run an ad in your local newspaper and post easy-to-read signs around your neighborhood. Check local regulations about posting notices, of course, and write signs in crayon if it looks like rain.

5.Credit Cards
Let rewards pile up, then use them toward plane tickets (if you've been banking points/dollars for a while), hotel or rental car discount, or gift cards for chain restaurants you'll visit on your trip. You can locate and compare rewards cards at Bankrate.com. The key, of course, is to pay off your balance in full every month. Vacation debt is not the kind of souvenir you want to collect.